What about inflation?

DRS1

HedgehogRulez said:

Yes, assuming growth = inflation maybe seen as pessimistic, but I’d rather have more money than run out of money for my 30 year (read that as dying in my 50s…) retirement.

What?  You are going to retire at 25?  What are you - a professional football player?

HedgehogRulez

DRS1 said:

HedgehogRulez said:

Yes, assuming growth = inflation maybe seen as pessimistic, but I’d rather have more money than run out of money for my 30 year (read that as dying in my 50s…) retirement.

What?  You are going to retire at 25?  What are you - a professional football player?

Auditor. And no the plan is to retire early 50s and die late 50s. The 30 year retirement is a pipe dream.

Cobbler_tone

I don’t think planning in today’s money is pessimistic, it’s simplistic! Damage limitation if things go south, pleasant surprise if things perform well.
Speaking from experience….you can have the best laid plans, however, when you are two to three years away from retirement it all becomes much clearer and you can really start to see your future finances. You might also decide to really ramp up your contributions, which you probably haven’t factored when you are younger. Life brings so many twists and turns that you won’t have on a spreadsheet. Times you may lose your job, need extra cash to hand, or times you can focus more on your pension.
Until this year I thought I’d have to do another 2 to 3 years. With extra planning and pension investment I’ll finish in 12 months. Try mapping that in your 30’s and 40’s!
Doing ‘something’ is good though. As per another post, the amount of people who don’t even look at their pensions and future finances until their 60’s never fails to surprise me. I’m sure thousands would have preferred to retire earlier and didn’t realise they could afford to. I know a few in that position but you can only lead a horse to water.

cfw1994

HedgehogRulez said:

DRS1 said:

HedgehogRulez said:

Yes, assuming growth = inflation maybe seen as pessimistic, but I’d rather have more money than run out of money for my 30 year (read that as dying in my 50s…) retirement.

What?  You are going to retire at 25?  What are you - a professional football player?

Auditor. And no the plan is to retire early 50s and die late 50s. The 30 year retirement is a pipe dream.

I assumed you mean dying in your 80s.
Why is a 30 year retirement a pipe dream for you?
4 years in here, certainly hoping for another healthy 20+ years 🤷‍♂️

HedgehogRulez

Unhealthy lifestyle 😆